Bitcoin, the market leader in the cryptocurrency space, has faced significant obstacles in achieving the anticipated price surge to $100,000. According to Charles Edwards, founder of Capriole Investments, one of the primary factors hindering this milestone is the sale of Bitcoin by long-term holders. His analysis reveals a decline in wallets holding Bitcoin for over
Bitcoin
The world of cryptocurrency is constantly evolving, with various factors influencing the price movements of assets like Bitcoin. One such factor that has been gaining attention recently is global liquidity. According to Philip Swift, the founder of LookIntoBitcoin, global liquidity has reached a new all-time high (ATH), indicating a potential rise in Bitcoin’s price during
The recent surge in Bitcoin’s price, surpassing the $70,000 mark, has sparked enthusiasm among investors, particularly in the United States. The return of the Coinbase premium, which indicates a higher price of Bitcoin on Coinbase compared to other major exchanges, has been seen as a bullish signal by many. This premium, after being in the
Following the recent surge in Bitcoin’s price, long-term holders are once again in profit. According to a market report by Glassnode, the total volume of long-term holder (LTH) supply held in loss is negligible, with only 0.03% of LTH acquiring above Bitcoin’s current price. These long-term holders purchased their Bitcoin holdings at the 2021 cycle
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been experiencing a surge in inflows, setting a record with 17 consecutive days of net additions. A notable Tuesday saw these ETFs receive an impressive $886.6 million, making it the second-highest single-day inflow since their inception. Following this, another substantial inflow of $488.1 million was recorded, with
The recent trends in the crypto market have shown that assets like Bitcoin, Ethereum, and Solana have consistently outperformed traditional assets such as Gold. According to a report by Exponential Age Asset Management (EXPAAM), the annualized returns on Bitcoin, Ethereum, and Solana have been staggering, with figures of 141%, 152%, and 224%, respectively. This far
Bitcoin, the enigmatic digital currency, has once again found itself in the spotlight as the US banking system faces increasing stress. Some optimistic voices predict a monumental rise in Bitcoin’s value to $1 million per coin, citing economic uncertainties as the driving force. Proponents of Bitcoin view it as a beacon of stability amidst a
The cryptocurrency market is eagerly anticipating a bull run later this year, with Bitcoin and altcoins already showing signs of responding positively. Crypto analyst, Crypto Emily, has shared her predictions regarding the price movements of six major cryptocurrencies, providing insight into what the future may hold for investors. Crypto Emily’s analysis begins with Bitcoin, the
Venture capitalist Chamath Palihapitiya has made a bold prediction regarding the future of Bitcoin. He believes that the cryptocurrency could skyrocket to an unprecedented price of $500,000. This ambitious forecast is based on Bitcoin’s fourth halving cycle, which took place on April 20, 2024. Palihapitiya has conducted an in-depth analysis of historical halving cycles and
Despite the recent decline in the price of Bitcoin below the $70,000 mark, crypto analyst Peter Brandt remains optimistic about the future of the pioneer cryptocurrency. According to Brandt’s blog post released on June 2, he predicts that Bitcoin could reach its peak in the current bull cycle with a price surge between $130,000 to